Constellation Brands, Inc. (NYSE:STZ) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Constellation Brands, Inc. (NYSE:STZGet Rating) have been given a consensus recommendation of “Moderate Buy” by the seventeen ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $279.43.

STZ has been the topic of several research analyst reports. TheStreet cut Constellation Brands from a “b” rating to a “c+” rating in a report on Tuesday, September 20th. UBS Group raised their target price on Constellation Brands from $270.00 to $281.00 and gave the stock a “buy” rating in a report on Friday, October 7th. StockNews.com assumed coverage on Constellation Brands in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. BMO Capital Markets assumed coverage on Constellation Brands in a report on Tuesday, August 2nd. They issued an “outperform” rating and a $290.00 target price on the stock. Finally, Barclays raised their target price on Constellation Brands to $281.00 in a report on Wednesday, November 16th.

Insider Activity

In other news, Chairman Robert Sands sold 3,700,002 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $239.06, for a total transaction of $884,522,478.12. Following the completion of the transaction, the chairman now owns 24,347,294 shares in the company, valued at $5,820,464,103.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder 2015 Business Holdings Lp Rht sold 1,000,000 shares of Constellation Brands stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $239.06, for a total value of $239,060,000.00. Following the completion of the transaction, the insider now owns 350,000 shares in the company, valued at $83,671,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Robert Sands sold 3,700,002 shares of Constellation Brands stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $239.06, for a total value of $884,522,478.12. Following the completion of the transaction, the chairman now owns 24,347,294 shares of the company’s stock, valued at approximately $5,820,464,103.64. The disclosure for this sale can be found here. Insiders sold a total of 4,704,167 shares of company stock worth $1,124,624,686 over the last 90 days. Corporate insiders own 16.19% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Constellation Brands by 54.0% during the second quarter. FMR LLC now owns 3,488,895 shares of the company’s stock valued at $813,122,000 after buying an additional 1,223,134 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Constellation Brands by 52.1% during the third quarter. Price T Rowe Associates Inc. MD now owns 2,582,020 shares of the company’s stock valued at $593,276,000 after buying an additional 884,513 shares during the period. Neuberger Berman Group LLC boosted its position in shares of Constellation Brands by 53.3% during the first quarter. Neuberger Berman Group LLC now owns 1,428,539 shares of the company’s stock valued at $329,065,000 after buying an additional 496,542 shares during the period. Bain Capital Public Equity Management II LLC purchased a new position in shares of Constellation Brands during the third quarter valued at approximately $104,286,000. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Constellation Brands by 56.1% during the third quarter. UBS Asset Management Americas Inc. now owns 1,224,813 shares of the company’s stock valued at $281,315,000 after buying an additional 440,230 shares during the period. Hedge funds and other institutional investors own 73.86% of the company’s stock.

Constellation Brands Price Performance

NYSE STZ opened at $256.69 on Friday. The business’s fifty day moving average price is $237.04 and its 200-day moving average price is $241.20. The stock has a market capitalization of $47.35 billion, a price-to-earnings ratio of 828.06, a PEG ratio of 2.07 and a beta of 0.98. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.41 and a quick ratio of 0.75. Constellation Brands has a 1-year low of $207.59 and a 1-year high of $261.52.

Constellation Brands (NYSE:STZGet Rating) last released its quarterly earnings results on Thursday, October 6th. The company reported $3.17 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.36. The firm had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Constellation Brands had a return on equity of 19.05% and a net margin of 1.03%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.38 EPS. On average, equities analysts predict that Constellation Brands will post 11.09 earnings per share for the current year.

Constellation Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 4th were issued a dividend of $0.80 per share. The ex-dividend date was Thursday, November 3rd. This represents a $3.20 dividend on an annualized basis and a yield of 1.25%. Constellation Brands’s dividend payout ratio is presently 1,032.29%.

About Constellation Brands

(Get Rating)

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands.

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Analyst Recommendations for Constellation Brands (NYSE:STZ)

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